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Showing posts from December, 2007

Foreign Currency Exchange Rates FAQ

Q: On what factors did the foreign currency exchange rates are determined daily? A: The exchange rates for the foreign currency are mainly depends upon the demands and supply of the particular currency in one country or the other or say the country's economy. This currency exchange rate is decided on the basis of the trades done in between two countries including the another ones. All this process is done by currency exchange markets like Forex. Q: What is the difference between spot price and fx rates? A: Spot price or spot rate is the rate quoted at the spot of the payment and delivery within two working business days from the date of the trade. Q: What is the good site to check current currency(forex rates)? A: http://www.xe.com/ucc is the site you can use. All world currency conversion rates are available there. Q: How do i predict future currency conversion rates fluctuation? A: Most of the people use hedging strategies and pivot points, Stochastic and Fibonacci studies. Reme

foreign exchange rate faq

Q: what will be the foreign exchange rate when i want to draw some cash and want the uk dollars into Indian rupees? A: The rate for the cash exchange will depend upon the place from where you are going to transfer your dollars into rupees. You can get the best foreign exchange rates while withdrawing cash from the ATM machine or through credit cards. You can get about 70 to 75 rupees for a dollar. But if you want the balance transfer then you can get 75-80 rupees for each dollar depending upon the present exchange rate. Q: How can i calculate my currency into another from exchange rate? A: You must visit the website of foreign exchange rate and there you can see a currency converter which will automatically calculate the amount of the given currency into another. You can get complete information about the forex department and all the factors affecting the exchange rate. Q: How can i invest in foreign interest rates? Should i did it in foreign currency or in what i want? A:In foreign e

Auto Insurance Quote

Q: I had an auto insurance from a company. But now i want to submit a request for another auto insurance quote. I want to know whether it will affect my credit score or not? A: Nop, You can surely submit a request for another auto insurance quote and it will have no affect on your credit score. The insurance company will only check your credit score and if it will low then the company will charge you high interest rates nothing else. Ask the insurance agent about your previous policy as well and he will tell you the another policy that suits you the most. Q: From where i can get affordable auto insurance quotes or say cheap insurance quotes? A: It's not easy to say something about the insurance quotes that are cheap. Different insurance companies offer different insurance quotes for the same. The choice is your with whom you want to go. Talk to the insurance agent or dealer for the same and he can help you. They can only give you some discounts after seeing your driving details. Y

Car Insurance

Q: What must i do to apply for the car insurance for getting my first car also the used one? A: At first, it is important to know that which type of car you are going to purchase like the brand name, model, price etc. Then go to the nearest car dealer or whom you want and ask him about your choice and all the car insurance details and the interest on it. He will give you the quote of the insurance. You will have to fill the application form and they will give you some policy papers or will fax them to you. Send a copy of the policy to the dealer and bring your car home. Q: My wife don't have a license now to drive b'coz she was caught and find for driving with the expired auto insurance. Can we get the license again if we pay the car insurance again? A: Though you didn't mention the country you are living in and rules may vary from country to country and state to state but normally this type of act should involve only fine and no permanent ban. talk to insurance company or